DISRUPTION DIARIES: FAITH & FINANCE
There are an estimated 1.9 billion Muslims around the world, who are largely under-served financially. This together with a sector that is currently worth more than $2 trillion, and an estimated $3.8 trillion by 2023, presents a clear opportunity for both Islamic and conventional banks.
With Gen Z and millennials making up a large percentage of the Islamic banking customers, this global survey of 2000 of its members, gives key insights into how they will drive the growth and evolution of this financial sector.
Key learnings from the report:
- 74% of those surveyed said they want banks to make investments that align with their religious beliefs.
- Over half of respondents said they would adopt Islamic banking if it was more accessible.
- Less than half of respondents (47%) feel it’s important for their entire bank to be Shariah-compliant.
Gain further insights by downloading the report now.